Manning & Napier Group LLC purchased a new stake in Sony Corp (NYSE:SNE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,125,579 shares of the company’s stock, valued at approximately $125,684,000. Sony comprises approximately 1.4% of Manning & Napier Group LLC’s portfolio, making the stock its 19th largest holding.

Several other large investors have also made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Sony by 54.3% in the second quarter. Bank of America Corp DE now owns 5,654,760 shares of the company’s stock valued at $296,254,000 after buying an additional 1,991,129 shares during the last quarter. BlackRock Inc. increased its stake in shares of Sony by 361.1% during the second quarter. BlackRock Inc. now owns 4,035,069 shares of the company’s stock worth $211,397,000 after acquiring an additional 3,159,926 shares during the period. Soroban Capital Partners LP increased its stake in shares of Sony by 31.2% during the second quarter. Soroban Capital Partners LP now owns 3,831,895 shares of the company’s stock worth $200,753,000 after acquiring an additional 910,786 shares during the period. Renaissance Technologies LLC increased its stake in shares of Sony by 18.3% during the second quarter. Renaissance Technologies LLC now owns 3,712,000 shares of the company’s stock worth $194,472,000 after acquiring an additional 573,000 shares during the period. Finally, Suvretta Capital Management LLC acquired a new position in shares of Sony during the second quarter worth about $162,743,000. 8.69% of the stock is owned by institutional investors and hedge funds.

Shares of Sony stock traded down $0.49 on Thursday, reaching $57.38. 10,003 shares of the stock were exchanged, compared to its average volume of 866,511. Sony Corp has a 1-year low of $41.91 and a 1-year high of $60.74. The company has a current ratio of 0.83, a quick ratio of 0.72 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $58.07 and a two-hundred day moving average price of $52.54. The firm has a market capitalization of $71.61 billion, a PE ratio of 8.91, a PEG ratio of 1.89 and a beta of 1.41.

Sony (NYSE:SNE) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.30. Sony had a net margin of 9.70% and a return on equity of 19.21%. The business had revenue of $17.52 billion for the quarter, compared to analyst estimates of $18.21 billion. Research analysts expect that Sony Corp will post 3.98 EPS for the current year.

Sony Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

Further Reading: What is a Derivative?

Want to see what other hedge funds are holding SNE? Visit to get the latest 13F filings and insider trades for Sony Corp (NYSE:SNE).

Institutional Ownership by Quarter for Sony (NYSE:SNE)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with's FREE daily email newsletter.